10 Worst States for Business 2013: Slideshow

Number 7 Number 9

No. 48Illinois

Taxations & Regulations

Workforce Quality

Living Environment

Based on CEO Survey by ChiefExecutive.net

Key Metrics
State GDP 

  • % Growth ’10-’11: 1.3
  • % Growth ’10-’11 v. Nat’l Avg. (1.5%): -0.2

Unemployment

  • Unemployment Rate Dec. 2012 %: 8.6
  • Comparison with Nat’l Rate (7.80%): 0.8

Domestic Migration

  • Domestic Net Migration ’10-’11: -79,458
  • Rank: 50

State Government

  • Debt per Capita Fiscal Year ’10 ($): 4,790
  • State & Local Gov’t Employees per 10k Residents: 503.1

State-Local Tax Burden

  • Rate (%): 9.7
  • Compared to Nat’l Avg. (9.9%): -0.15
Key Companies
  • Abbott Laboratories
  • McDonald’s Corporation
  • Allstate Corporation
  • Walgreens
  • Archer-Daniels-Midland
  • Deere & Co.
Development Trend Indicator: Negative
Keeps adding to toxic environment with new effort to boost minimum wage.
CEO Comments
“Illinois — a complete and utter disaster when it comes to fiscal management. The inability to address key issues that are driving debt and instead increase the tax burden on businesses AND residents is mind-boggling. This is precisely why I intend to move my company to FL or TN.”

Sources:
Bureau of Economic Analysis
Bureau of Labor Statistics
NewGeography.com
The Tax Foundation

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